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Fort McMurray Northwest — Stone Creek Landing · MacKenzie Blvd · Fastest-Growing Community

Timberlea Fort McMurray Commercial Real Estate

Fort McMurray's fastest-growing newer community. Stone Creek Landing at 156 MacKenzie Boulevard anchors big-box retail, QSR and grocery for northwest Fort McMurray. Newer purpose-built rental multifamily serves a growing family and professional population.

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6.0–7.5%Retail Cap Rate
5.5–6.5%Multifamily Cap Rate
~$18.90Non-Res Mill Rate
NewestCommercial Inventory
Property Types
What's Available in Timberlea
Retail
Big-box · QSR · Grocery
Stone Creek Landing · MacKenzie Blvd · National retailers
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Office
Medical · Professional
Medical clinics · Dental · Health services
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Multifamily
Purpose-built rental
Newer builds · Townhomes · Family rental
View Multifamily →
Retail
Cap rate 6.0–7.5%
Stone Creek Landing · Big-box · QSR pads
View Retail for Sale →
Multifamily
Cap rate 5.5–6.5%
Purpose-built rental · Newer construction
View Multifamily for Sale →
Timberlea Submarkets
Key Areas Within Timberlea
Stone Creek Landing
Major Commercial Centre · 156 MacKenzie Blvd
RetailOffice
Fort McMurray's major new commercial centre on the northwest side. Big-box retail, national QSR chains, grocery and service commercial at 156 MacKenzie Boulevard. Serves the growing Timberlea, Parsons Creek and Dickinsfield trade area. Newer construction with contemporary retail format.
6.0–7.0%Retail Cap Rate
NewerConstruction
Timberlea Residential
Newer Purpose-Built Rental
Multifamily
Newer purpose-built rental apartments and townhomes serving a growing family and professional population. Timberlea's residential growth continues to expand northwest Fort McMurray. Newer builds command premium rents and trade at tighter cap rates than the city's older rental stock.
5.5–6.5%Multifamily Cap
GrowingPopulation
Timberlea Medical District
Medical & Health Services
OfficeRetail
Medical clinics, dental, physiotherapy, optometry and allied health services near the Stone Creek Landing commercial node. Serves the health care needs of Timberlea's growing residential population. Purpose-built medical bays and professional office space with dedicated parking.
MedicalPrimary Use
GrowingPatient Population
MacKenzie Boulevard Commercial
Commercial Spine
Retail
MacKenzie Boulevard is the primary arterial serving Timberlea and northwest Fort McMurray. Commercial development concentrated around major intersections. Auto-oriented retail, personal services and food and beverage serving the residential catchment. Strong daily traffic counts.
HighTraffic Counts
NW Fort MacArterial
6.0–7.5%
Retail Cap Rate
5.5–6.5%
Multifamily Cap Rate
~$18.90
RMWB Non-Res Mill Rate
Fastest
Growing Fort Mac Community

Timberlea — Market Overview

Timberlea is Fort McMurray's fastest-growing newer community, located in the northwest quadrant of the city. Residential development has driven substantial population growth, which in turn has generated commercial demand — anchored by Stone Creek Landing at 156 MacKenzie Boulevard, the major new retail centre serving northwest Fort McMurray.

Stone Creek Landing represents some of the newest commercial real estate inventory in Fort McMurray — big-box retail, national QSR chains and grocery serving a wide northwest trade area that includes Timberlea, Parsons Creek and adjacent newer communities. The centre's newer construction and strong co-tenancy profile attract institutional and national retailers seeking quality floor plates.

Timberlea multifamily is characterized by newer purpose-built rental product catering to families and working professionals. Cap rates in the 5.5–6.5% range reflect the premium assigned to newer builds with lower deferred maintenance and higher achievable rents compared to Fort McMurray's older downtown and Thickwood rental stock.

Timberlea Cap Rates & Market Data (2025)

Asset ClassLocationCap RateNotes
Retail — Big-Box / Power CentreStone Creek Landing6.0–7.0%National retailers, newer format
Retail — QSR / Pad SitesMacKenzie Blvd6.5–7.5%Drive-through, national QSR brands
Office — Medical / ProfessionalNear Stone Creek LandingMarketPurpose-built medical; growing patient base
Multifamily — Purpose-Built RentalTimberlea Residential5.5–6.5%Newer construction; premium rents

Why Invest in Timberlea

Newest commercial inventory in Fort McMurray. Stone Creek Landing offers institutional-quality retail space in newer format buildings — a significant advantage over older commercial stock elsewhere in the city. National tenants specifically seek newer buildings.

Growth trajectory. Timberlea's continued residential expansion means the commercial trade area is still growing. Investors entering now benefit from expanding consumer demand as northwest Fort McMurray fills out over the coming years.

Premium rents on newer multifamily. Purpose-built rental in Timberlea commands the highest rents in Fort McMurray's residential market, driven by newer builds with modern amenities and proximity to the Stone Creek retail node.

Timberlea Fort McMurray — Frequently Asked Questions

What commercial real estate is available in Timberlea?
Timberlea offers major big-box and QSR retail at Stone Creek Landing on MacKenzie Boulevard, medical and professional office space near the commercial node, and newer purpose-built rental multifamily. Timberlea does not have industrial land — for industrial see Gregoire Industrial Park.
What is Stone Creek Landing?
Stone Creek Landing is a major commercial centre at 156 MacKenzie Boulevard in Timberlea, Fort McMurray. It includes big-box retail, national QSR chains, grocery and service commercial, serving as the primary retail destination for northwest Fort McMurray including Timberlea and Parsons Creek.
What are retail cap rates in Timberlea?
Retail cap rates in Timberlea range from 6.0–7.5% in 2025. Big-box and grocery-anchored product at Stone Creek Landing trades at 6.0–7.0%; QSR pads and strip retail trade at 6.5–7.5%. Newer construction commands tighter cap rates than older Fort McMurray retail product.
What is the multifamily market like in Timberlea?
Timberlea multifamily trades at 5.5–6.5% cap rates in 2025, among the tighter end for Fort McMurray reflecting the premium on newer purpose-built rental. The growing residential population and limited older inventory keeps vacancy low and rents elevated relative to the broader Fort McMurray market.
How do I invest in Timberlea commercial real estate?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We cover Stone Creek Landing retail, Timberlea office and purpose-built rental multifamily investment.

Looking at Timberlea?

Our Fort McMurray advisors cover Stone Creek Landing retail, Timberlea medical office and the fastest-growing multifamily market in Fort McMurray.

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